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5) Explain why it is so hard to beat the market. (Discuss in terms of the Efficient Market Hypothesis). Do you believe there are ways

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5) Explain why it is so hard to "beat the market". (Discuss in terms of the Efficient Market Hypothesis). Do you believe there are ways in which you or your clients could improve returns without increasing risk, and if so what would your strategy be? ( 20 points)

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